Bittime - Bitcoin traders currently pay more attention to geopolitical issues to evaluate Bitcoin price movements than to the halving event itself.
What happens during the Bitcoin Halving? How will the price of BTC develop in the future? With click on this link, you will find the answer.
According to a Reuters report, although industry experts stated on Monday that the cryptocurrency's fortunes were more related to broader financial market emotions and geopolitical factors, the impact of Bitcoin's halving on prices was still limited.
Geopolitical Issues Are a Major Concern for Crypto Traders
Bitcoin halving occurs every four years to reduce the rate of new bitcoin creation and maintain a balance between supply and demand. Usually, after a halving, Bitcoin prices tend to soar. However, this time, the influence of the geopolitical situation is more dominant than the halving effect.
Check Today's Crypto Market:
Bitcoin Traders Observe Withdrawal of Funds
There were significant withdrawals from Bitcoin and Ethereum last week, totaling $226 million. Bitcoin saw the largest withdrawal of $192 million, while Ethereum saw a withdrawal of $34 million for the sixth week in a row. Even short bets on Bitcoin saw withdrawals, albeit in small amounts of $0.3 million.
Nonetheless, there was some optimism as multi-asset sentiment improved slightly, attracting investments of $9 million into various opportunities. Additionally, altcoins such as Chainlink and Litecoin were able to withstand the negative trend, attracting $1.7 million and $3.2 million in cash flows, respectively.
How to Buy Crypto:
Bitcoin Traders Beware of Bitcoin ETF Outflows
Bitcoin ETFs recorded net outflows of $165 million during the previous week, as a decline in buying activity was seen especially during the US tax filing season. Nonetheless, nine ETFs recorded high trading volume on Wednesday, approaching $2.7 billion, indicating continued interest in the market.
Check Crypto Prices Today:
Bitcoin Price
Bitcoin Price it is currently $65,899.9649, with a 24-hour trading volume of $20.7 billion and a 1.38% gain in the past day. This data confirms Bitcoin's position as a leader in the crypto market, with live market capitalization stable at $1.2 trillion.
How To Buy Bitcoin (BTC) With Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with BTC IDR pairing.
To be able to buy BTC tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Too:
Bitcoin Last 30 Days: Bitcoin Halving Impact
Mining Bitcoin vs Validating Bitcoin Transactions
Introducing Bitcoin Diploma: Opening Access to Bitcoin Education
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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